Leede Financial Increases Earnings Estimates for Extendicare

Extendicare Inc. (TSE:EXE) – Analysts at Leede Financial lifted their FY2024 earnings per share (EPS) estimates for shares of Extendicare in a report issued on Wednesday, November 13th. Leede Financial analyst D. Loe now anticipates that the company will earn $1.03 per share for the year, up from their previous estimate of $0.89. The consensus estimate for Extendicare’s current full-year earnings is $0.61 per share. Leede Financial also issued estimates for Extendicare’s FY2027 earnings at $1.49 EPS.

EXE has been the subject of several other reports. TD Securities boosted their price objective on shares of Extendicare from C$9.50 to C$10.50 in a research report on Thursday. Royal Bank of Canada boosted their price target on Extendicare from C$8.50 to C$9.50 in a report on Monday, August 19th.

Extendicare Stock Performance

Shares of Extendicare stock opened at C$10.01 on Friday. The company has a 50 day moving average of C$9.21 and a 200-day moving average of C$8.12. The company has a market cap of C$835.53 million, a PE ratio of 14.72 and a beta of 1.26. The company has a current ratio of 0.60, a quick ratio of 0.98 and a debt-to-equity ratio of 305.80. Extendicare has a 1-year low of C$6.41 and a 1-year high of C$10.43.

Extendicare (TSE:EXE) last released its earnings results on Monday, August 12th. The company reported C$0.29 EPS for the quarter. Extendicare had a net margin of 4.28% and a return on equity of 60.00%. The firm had revenue of C$348.48 million for the quarter, compared to analyst estimates of C$360.20 million.

Extendicare Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Thursday, October 31st. Extendicare’s payout ratio is 70.59%.

Extendicare Company Profile

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.